Tullow Oil (Tullow Oil) LT-Debt-to-Total-Asset : 0.61 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Tullow Oil LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Tullow Oil's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.61.

Tullow Oil's long-term debt to total assets ratio declined from Dec. 2022 (0.62) to Dec. 2023 (0.61). It may suggest that Tullow Oil is progressively becoming less dependent on debt to grow their business.

Tullow Oil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tullow Oil's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tullow Oil LT-Debt-to-Total-Asset Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.51

0.15

0.61

0.62

0.61

Tullow Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.61	0.54	0.62	0.45	0.61

Tullow Oil LT-Debt-to-Total-Asset Calculation

Tullow Oil's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2705.6	/	4458.6
	=	0.61

Tullow Oil's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2705.6	/	4458.6
	=	0.61

Tullow Oil (OTCPK:TUWLF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Tullow Oil LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Tullow Oil's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tullow Oil (Tullow Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (OTCPK:TUWLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TUWOY:USA TLW:Ghana TLWl:UK TLW:UK TQW:Germany

Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

Tullow Oil (Tullow Oil) Headlines

From GuruFocus

Polaris Global Value Sells 3 Oil Holdings Due to Low Commodity Prices

By Sheila Dang Sheila Dang • 03-11-2016

AzValor Asset Management's 4th-Quarter 2019 Letter

By Sydnee Gatewood Sydnee Gatewood • 02-27-2020

Bernard Horn Comments on Tullow Oil

By Vera Yuan Vera Yuan • 08-07-2014

AzValor Comments on Tullow Oil

By Sydnee Gatewood Sydnee Gatewood • 02-27-2020

Bernard Horn Comments on Tullow Oil

By Vera Yuan Vera Yuan • 10-30-2014

azValor Asset Management Comments on Tullow Oil

By Holly LaFon Holly LaFon • 09-18-2019

Baron Emerging Markets Fund Comments on Sberbank of Tullow Oil plc

By Holly LaFon Holly LaFon • 02-16-2017